Nope. I meant 1.6370.

Cable Update (GBPUSD)

Retrace to 1.6370 area is imminent, prior to a directional change or continuation of trend...IMO. Heh... Been playing out nice. Taking triggers off of the 5m charts, scoring nicely today. Ya gotta love trendy days!

Cable Update (GBPUSD)

1.6465 as posted on previous charts was the stall line for cable...(55EMA daily chart). The retrace has closed below this critical line, triggering further downside movement to 200EMA line daily chart. Will use plays off triggers off of 4hr - 15m ...

Cable Update (GBPUSD)

Bulls VS Bears in a tug of war of the 5m and 15m support and resistance range.

Cable Update (GBPUSD)

Actually going through and tracking my charts for posting them as examples has over the last couple of days made a much better trader. When I was hoping to help others, it forced me to be a lot more diligent in my own trading. All things kept in ...

Cable Update (GBPUSD)

I am with you brother...check my thread, I don't encourage it either. But then again, just last night the counter trend became the trend... Not saying that's going to happen here...but I see support on the 5m, resistance on the 1m 200EMA, and after ...

Cable Update (GBPUSD)

I love it when a plan comes together! Took +51 with 7 lots on that...K, so I'm a coward...I still took the dough!

Cable Update (GBPUSD)

Would magix the wizard do? There is a possibility that this is now the bounce range...double tap on support shown on previous 4hr chart. How much?? Excellent question. But I think I would have to agree, buying now just to be in a trade might not be ...

Cable Update (GBPUSD)

This looks like a good place to maybe put a launch pad...SPECULATIVE 1.6382 Next in line on the support train for the 4hr chart.

Cable Update (GBPUSD)

If this was the bounce area, which I don't think we should just assume yet, you might be correct in your targeted area. But this is a speculative play and target area. We really need to talk some buyers into this action.

Cable Update (GBPUSD)

A point to ponder... This entire drop has happened within a period of time when the Americans were away from the market. There might be a little retrace justice coming.

Cable Update (GBPUSD)

We have a lot of resistance lines moving topside, where ever we get to on this pop up, I would expect that if that line isn't challenged again throughout the American trade session, it will be under attack come London. We have some support below, ...

Cable Update (GBPUSD)

It is the where we go from here that is important. As we approach a counter trend trigger on the 5m chart, we would be bucking resistence all the way back up. A breach of this point and a close below means a Long way down.

Cable Update (GBPUSD)

Current low of day on my ticker and charts is stamped @ 1.6465. Just a chart showing why we may have paused at this place. 55EMA on the daily has proven to be a fairly solid support line. I am not speculating a buy from here, just showing ya whats ...

Cable Update (GBPUSD)

An excellent question my friend. We are currently on a bit of a bear run, and though I see things being overall long, we could still see a trace back down. I play support and resistance ranges, and have speculated the plays based on just that. My ...

Cable Update (GBPUSD)

**Shrugs Shoulders** Well, I did say it was a guess....

Cable Update (GBPUSD)

Feel free to add it to the one I got going, it will give people a reference point, and perhaps help with people asking the same questions. If you are going to...feel free to post your template too. When I say welcome aboard mango, I mean, full on ...

Cable Update (GBPUSD)

As we move up a little, still with the same idea in mind, you can see how the 24SMA moves on up with us, coming to that same range for support. hourly chart.

Cable Update (GBPUSD)

Welcome aboard! I haven't opened a thread to be separate from the room, or the good people here in the Cable thread, it is just that I realize that a lot of my posts are on the verge of trading systems so thought I should maybe have an explanation ...

Cable Update (GBPUSD)

This is a guestimated fall back to support range. Oh yeah...hyperlinked my charting thread @ the bottom of the screen.

Cable Update (GBPUSD)